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Venezuela Resumes Oil Exports After US Sanctions

Published January 13, 2026, 15:17
Venezuela Resumes Oil Exports After US Sanctions

Venezuela has resumed oil exports after a long-standing US embargo, with two cargoes departing on Monday. The state oil company PDVSA has begun to restart wells that had been shut down, marking a partial recovery in the country's production and revenue. Previously, only Chevron continued to export oil with a special license, while millions of barrels had accumulated in tanks. The resumption of exports, although limited, is considered a significant boost for the Venezuelan economy, which is heavily reliant on oil. The development is being closely monitored by international markets as it could impact oil prices. PDVSA is adapting to the current sanctions regime, without a full lifting of restrictions.